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Foreign Direct Investment: Its Impact on US Jobs, Research, and Economic Growth
The Peterson Institute released of its two latest studies on the impact of inward and outward foreign direct investment (FDI) on the US economy on September 19, 2013. The two books, Foreign Direct Investment in the United States: Benefits, Suspicions, and Risks with Special Attention to FDI from China and Outward Foreign Direct Investment and US Exports, Jobs, and R&D: Implications for US Policy, are the culmination of important twin research projects on FDI by Gary Clyde Hufbauer, Lindsay Oldenski, and Theodore Moran. Their work analyzes and addresses the effect of overseas investment by US firms on US jobs and research and development, as well as the incentives created by the US tax code for corporate offshoring decisions, and the cost-benefit analyses of foreign investment in the United States.